Al Lewis, whose earlier story castigated rich people who expatriate, now has done an article telling the other side of the story.
Tax man makes it hard to be an American/ Commentary: Tough IRS rules hit the little guys hard
He interviews some guy named Peter Dunn and plugs his blog, the Isaac Brock Society.
@bubblebustin. Concerning the sale of your principal residence, EM is right about CRA. See reference on CRA website, tax guide T4037 chapter 6.
@Greenwood, thanks! Have you read my story, Petros entitled “A story from OVDI hell or: How to exact tribute from a country without firing a shot”?
It’s 5 o’clock somewhere 🙂
@bubblebustin. No I haven’t read it. If you could give me a reference so I could read it this evening or on the weekend.
@bubblebustin. «It’s 5 o’clock somewhere» Yes, near Montréal.
@greenwood, lol. http://isaacbrocksociety.com/2012/03/17/a-story-from-ovdi-hell-or-how-to-exact-tribute-from-a-country-without-firing-a-shot/
PS, many participants stories are at the bottom of Isaac Brock web pages. Enjoy 🙂
@ bubblebustin. Thanks. Will be reading it.
@greenwood, welcome, but on second thought, if you’re going to be reading participants stories, you’d better make that a double.
@bubblebustin. What do you mean by «you’d better make that a double». Sorry, english not being my first language, I don’t always make out the expressions but to reassure you, I have read some of the stories.
@greenwood, 5 o’clock cocktail hour, have a double martini!
@bubblebustin ooops… well have one for me.
I’m really impressed that Al took the time to the “other side” that is impacted by this. The parallel to Enron and the subsequent Laws was very good.
This REALLY gave me my first sign of “hope” for America. Is change really possible there? Are the people really listening? I think we complained enough; we commented enough; we shouted enough to finally be heard. This is a Presidential election year. ** I’ve never voted in my life **, but should someone say that they would like to end the monstrosity known as Citizenship-based taxation, I will go to the Consulate to vote. It’s not cheap either since I’m a good ways way from the Consulate.
*** I think this is a VERY good time for the Brockers to get organised. ***
@geeez I agree, we need to gather more momentum while the issues are hot!
pfft Jefferson, I wrote that in a brief moment of nostalgia. I saw a video of Miami and I thought “I’ve never been to Miami.. that looks like a great place!”
Then I woke up this morning, read a couple of articles on these issues, and then returned to my normal self. If someone wants to organize, I CAN vote based on this FATCA issue. But it still doesn’t change the “long-term America”.
I left America because I was sick of those “terror alerts”. Ok, I was sick of most everything, but I refer to those alerts as the collective noun. Think about it, the US always has these wars and grievances with other countries to keep the public’s attention focused on the government’s side of the story. If people FEAR, then they want PROTECTION. That gives a government too much power. Nowadays, everything that the government does is “right”, even though by many standards, it’s really “wrong.” Right now in the US, it seems like the government can do no wrong. Anyone who says otherwise is stoned to death and their images are burned publically as in the case of Eduardo Saverine. Instead of the US saying “This guy came here and helped to create a massive US brand. Let’s see what we can do to keep him.” — he gets demonised. There’s like this eerie sense of self-censorship in the US.
To sum it all up in one paragraph, I don’t think the US is going to change anytime soon. I think US citizenship is only worth it if someone plans to live there, and they can have a nice life. Otherwise, you’ll have to fight the “fear-induced coma” that most of the people there seem suffer from.
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